Loan Lifecycle & Payments Engine
An end-to-end loan lifecycle system handling origination, contracts, repayments, exceptions, and reporting with strict enforcement of financial state transitions.
Loan management ran on fragmented systems with manual tracking of repayment schedules, contract terms, and balance calculations. State transitions between origination, active repayment, and closure required manual intervention with high error rates.
Exception handling for late payments, early payoffs, and contract modifications occurred through email coordination with no systematic way to track modifications or ensure balance accuracy across the loan lifecycle.
- Designed a complete loan lifecycle covering origination, active repayment, delinquency, forbearance, and close-out
- Enforced financial state transitions to prevent invalid balances, skipped steps, or contradictory loan states
- Supported scheduled, partial, and missed payments with automatic recalculation and reconciliation
- Maintained a complete historical record of all loan events for reporting and review
- Built borrower and lender dashboards backed by the same enforced backend rules
Financial state transitions are enforced at the database layer. Loans cannot progress through lifecycle stages without required documentation, approvals, and balance validation. The system architecture prevents invalid state combinations.
Payment calculations are encoded as backend logic rather than spreadsheet formulas. Balance reconciliation happens automatically on each transaction, eliminating manual review overhead and ensuring mathematical accuracy.
Exception handling follows defined workflows with mandatory documentation and approval gates. All modifications are logged immutably, creating an audit trail that meets regulatory requirements while reducing manual investigation time.